American Airlines Suspends Pittsburgh-Los Angeles Flights Amid Fuel Cost Surge
Markets Daniel Marsh

American Airlines Suspends Pittsburgh-Los Angeles Flights Amid Fuel Cost Surge

American Airlines (AAL) suspends daily Pittsburgh-Los Angeles flights from Aug. 5 to Oct. 4 due to high jet fuel costs, trimming a key West Coast route as fuel expenses surge over $4 billion.

AAL
Ford Recall Overshadows CFO's UBS Conference Appearance
Markets Daniel Marsh

Ford Recall Overshadows CFO's UBS Conference Appearance

Ford recalls 420,000 SUVs over seat-belt issue, shares slide 2.89% ahead of CFO Sherry House's UBS conference appearance.

F GM TSLA
NuScale Shares Jump 8% as Board Adds Nuclear Regulator, Mining Executive
Technology Sarah Chen

NuScale Shares Jump 8% as Board Adds Nuclear Regulator, Mining Executive

NuScale shares rose 8% to $13.95 after adding ex-NRC chair Dale Klein and mining executive Stuart Harshaw to its board, as the SMR company works to land financed deals.

SMR
Partners Group Shares Tumble After Capping Withdrawals on $8.6B Fund
Markets Daniel Marsh

Partners Group Shares Tumble After Capping Withdrawals on $8.6B Fund

Shares of Partners Group fell 16% after the firm capped withdrawals on its $8.6B Global Value SICAV fund, as redemption requests hit 9.8% of NAV, nearly double the 5% quarterly limit.

EQT
Idaho Power Seeks Approval for Two Gas Plants to Address Capacity Gaps
Regulation James Calloway

Idaho Power Seeks Approval for Two Gas Plants to Address Capacity Gaps

Idaho Power seeks state approval for two new gas plants to address projected capacity deficits of 236 MW in 2029 and 352 MW in 2030, with no immediate rate hike proposed.

IDA
Victoria's Secret Surges to Record, Then Retreats on Valuation Concerns
Earnings James Calloway

Victoria's Secret Surges to Record, Then Retreats on Valuation Concerns

Victoria's Secret shares hit a record high after a strong quarter and raised profit outlook, but cooled premarket as analysts see limited upside after the rally.

VSCO
Futures Mixed as Oil Surge Tests Wall Street Records, AI Stocks Rally
Markets Daniel Marsh

Futures Mixed as Oil Surge Tests Wall Street Records, AI Stocks Rally

U.S. stock futures were mixed Wednesday as a sharp rise in oil prices fueled inflation worries, checking Wall Street's record run. AI stocks rallied after Nvidia's endorsement of Marvell Technology.

MRVL NVDA AVGO DELL HPE GOOGL PANW GME
Nokia Hits New 52-Week High on AI Optimism, But Valuation Concerns Mount
Technology Sarah Chen

Nokia Hits New 52-Week High on AI Optimism, But Valuation Concerns Mount

Nokia shares reached a new 52-week high of €14.75, fueled by AI-driven growth and a 54% jump in Q1 operating profit. Yet, the stock's forward P/E has doubled to 36, raising concerns about valuation relative to AI's small contribution to sales.

XLK
Ondas Shares Dip Despite Navy Contract Win as Insider Sale Weighs
Markets Daniel Marsh

Ondas Shares Dip Despite Navy Contract Win as Insider Sale Weighs

Ondas shares slipped 2.1% pre-market after CEO Eric Brock sold 2.4 million shares for tax withholding, overshadowing a $4.8 million U.S. Navy contract win and a robust $457 million backlog.

ONDS
White House Mandates 30-Day Federal Review for Advanced AI Systems
Regulation James Calloway

White House Mandates 30-Day Federal Review for Advanced AI Systems

President Trump's executive order mandates a voluntary 30-day federal cybersecurity review for advanced AI models from OpenAI, Google, and Anthropic before wider release, potentially delaying product launches.

GOOGL MSFT GS CSCO SSNLF
Plug Power Monetizes $39M Tax Credit, Investors Eye Liquidity
Markets Daniel Marsh

Plug Power Monetizes $39M Tax Credit, Investors Eye Liquidity

Plug Power converted a federal clean-energy tax credit into $39.2M in cash, providing near-term liquidity relief. Shares held at $4.09 premarket after a 3.81% gain.

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Rigetti Stock Rises 4.9% Amid Insider Sales and $100M Commerce Department Proposal
Technology Sarah Chen

Rigetti Stock Rises 4.9% Amid Insider Sales and $100M Commerce Department Proposal

Rigetti Computing shares rose 4.9% to $26.88, boosting market cap to $9.0B, as insider filings showed CEO and CTO sold shares. A proposed $100M Commerce Department deal could speed R&D but may dilute shareholders.

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